Bitcoin to $250K?! Tech Giants Gone Crypto-Cuckoo! 🤪

by

Oy vey, what you gotta know:

  • Bitcoin could reach $250,000 by the end of this year or next, because tech giants are finally jumping on the bandwagon, says Cardano founder Charles Hoskinson. (Better late than never, eh?)
  • Despite the market doing the cha-cha slide, Hoskinson’s still got his rose-colored glasses on. He’s optimistic about bitcoin’s future, probably because he’s got a vested interest. 🤑
  • Some new U.S. laws and geopolitical kerfuffles are gonna help the crypto market, and stablecoins might get cozy with the big tech boys. (Sounds stable… for now.)

Bitcoin (BTC), hanging around $81,000, might just skyrocket to $250,000 faster than you can say “Hoo-ha!” Apparently, Microsoft (MSFT) and Apple (AAPL) are about to join the crypto circus, according to Charles Hoskinson, the big cheese at Cardano blockchain. What a world, what a world! 🤡

Hoskinson’s yapping is like an echo chamber with other folks, like Fundstrat’s Tom Lee and that venture capitalist Tim Draper, plus the big shots at Standard Chartered. They’ve all been dreaming about this level for years. Maybe they should all get together and write a musical! 🎭

In a shmooze with CNBC, Hoskinson said he’s still got faith in bitcoin, even after President Trump’s tariff tantrum. He thinks it could hit that sweet $250,000 mark “by the end of this year or next” as the tariff drama dies down and the Federal Reserve starts fiddling with the market. (Sounds like a sitcom plot.)

“The markets will calm down, they’ll get used to the new normal, and then the Fed will lower interest rates, and then you’ll have a ton of cheap money, and it’ll all go straight into crypto,” he said. (Easy peasy, lemon squeezy… right? 🍋)

The crypto market’s been having a fire sale lately, with bitcoin sinking below $77,000. But then it jumped back over $82,000 after Trump cut tariffs for 90 days. (Ninety days? That’s like a blink of an eye in crypto time!) ⏳

Still, bitcoin’s still about 25% below its all-time high of over $109,000, reached way back in January. (Ah, the good old days… when we weren’t constantly checking our portfolios.) 👴

Hoskinson says the growing love for cryptocurrencies, with Crypto.com reporting a 13% increase in 2024, and a crazy geopolitical landscape could give bitcoin a boost. (Because nothing says “stable investment” like global chaos! 🌍)

“If Russia wants to invade Ukraine, it invades Ukraine. If China wants to invade Taiwan, it’s going to do that. So treaties are worthless, and global business is a mess. So your only hope for globalization is crypto,” he said. (Well, that’s one way to sell it! 🤷)

Plus, Hoskinson thinks some new U.S. laws, like a stablecoin bill and the Digital Asset Market Structure and Investor Protection Act, will pump up the crypto industry. (Finally, some rules… or maybe just more red tape? 📜)

These bills are supposed to clear up the rules for digital assets. Stablecoins, which are tied to real money like U.S. dollars, could become the darlings of the “Magnificent 7″ tech giants, like Apple, Microsoft, and Amazon (AMZN), Hoskinson says. (Imagine Jeff Bezos launching his own crypto… PrimeCoin? 📦)

So, Hoskinson’s predicting a quiet period for the next three to five months, followed by a wild surge of speculation around August or September. “That’ll last for another six to 12 months,” he said. (Get ready for the ride, folks! It’s gonna be a bumpy one!) 🎢

Read More

2025-04-10 19:11